$OVV
Ovintiv Inc. Stock $ovv

$ovv Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000156459023002595 Filed on February 27, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$2.551B	$3.212B	$12.46B
YoY Change	29.69%	-3.8%	43.96%
Cost Of Revenue	$991.0M	$1.201B	$5.108B
YoY Change	-26.48%	9.48%	34.85%
Gross Profit	$1.560B	$2.011B	$7.356B
YoY Change	152.02%	-10.3%	51.05%
Gross Profit Margin	61.15%	62.61%	59.02%
Selling, General & Admin	$507.0M	$565.0M	$2.372B
YoY Change	-7.99%	4.44%	11.62%
% of Gross Profit	32.5%	28.1%	32.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$364.0M	$280.0M	$1.113B
YoY Change	37.88%	2.19%	-6.47%
% of Gross Profit	23.33%	13.92%	15.13%
Operating Expenses	$1.873B	$846.0M	$8.611B
YoY Change	-13.57%	3.17%	20.62%
Operating Profit	$678.0M	$1.165B	$3.853B
YoY Change	-439.0%	-18.07%	153.65%
Interest Expense	$71.00M	-$56.00M	$311.0M
YoY Change	-4.05%	-18.84%	-8.53%
% of Operating Profit	10.47%	-4.81%	8.07%
Other Income/Expense, Net	$3.000M	$2.000M	$33.00M
YoY Change	-88.89%	-66.67%	-10.81%
Pretax Income	$613.0M	$1.110B	$3.560B
YoY Change	-349.19%	-19.68%	187.33%
Income Tax	$126.0M	-$225.0M	-$77.00M
% Of Pretax Income	20.55%	-20.27%	-2.16%
Net Earnings	$487.0M	$1.335B	$3.637B
YoY Change	-302.07%	-3.54%	156.85%
Net Earnings / Revenue	19.09%	41.56%	29.18%
Basic Earnings Per Share	$1.99		$14.34
Diluted Earnings Per Share	$1.97	$5.29	$14.08
COMMON SHARES
Basic Shares Outstanding	243.6M	248.3M	253.6M
Diluted Shares Outstanding	247.7M		258.4M

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$26.00M	$5.000M	$5.000M
YoY Change	-90.41%	-97.44%	-97.44%
Cash & Equivalents	$26.00M	$5.000M	$5.000M
Short-Term Investments
Other Short-Term Assets	$89.00M	$70.00M	$161.0M
YoY Change	4350.0%	4.48%	67.71%
Inventory
Prepaid Expenses		$38.00M
Receivables	$1.277B	$1.594B	$1.486B
Other Receivables	$3.000M	$43.00M	$43.00M
Total Short-Term Assets	$1.395B	$1.695B	$1.695B
YoY Change	-35.65%	6.81%	6.81%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.911B	$9.468B	$10.34B
YoY Change	10.33%	8.07%	6.69%
Goodwill	$2.584B	$2.584B
YoY Change	-2.05%	-1.67%
Intangibles
YoY Change
Long-Term Investments			$21.00M
YoY Change			-22.22%
Other Assets	$1.009B	$1.004B	$360.0M
YoY Change	-9.18%	-6.95%	510.17%
Total Long-Term Assets	$13.73B	$13.36B	$13.36B
YoY Change	7.82%	7.16%	7.16%
TOTAL ASSETS
Total Short-Term Assets	$1.395B	$1.695B	$1.695B
Total Long-Term Assets	$13.73B	$13.36B	$13.36B
Total Assets	$15.12B	$15.06B	$15.06B
YoY Change	1.5%	7.12%	7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.872B	$2.221B	$709.0M
YoY Change	-15.49%	577.13%	116.16%
Accrued Expenses	$88.00M	$76.00M	$1.443B
YoY Change	39.68%	-94.85%	-2.17%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$580.0M	$393.0M	$399.0M
YoY Change			6550.0%
Total Short-Term Liabilities	$2.632B	$2.780B	$2.780B
YoY Change	-33.92%	1.16%	1.16%
LONG-TERM LIABILITIES
Long-Term Debt	$3.176B	$3.177B	$3.204B
YoY Change	-33.49%	-33.62%	-33.51%
Other Long-Term Liabilities	$116.0M	$131.0M	$1.199B
YoY Change	-31.76%	-31.05%	-14.96%
Total Long-Term Liabilities	$3.292B	$3.308B	$4.403B
YoY Change	-33.43%	-33.52%	-29.31%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.632B	$2.780B	$2.780B
Total Long-Term Liabilities	$3.292B	$3.308B	$4.403B
Total Liabilities	$7.229B	$7.367B	$7.367B
YoY Change	-29.24%	-17.97%	-17.97%
SHAREHOLDERS EQUITY
Retained Earnings	-$655.0M	-$1.081B
YoY Change		-75.87%
Common Stock	$7.558B	$7.779B
YoY Change		-8.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$7.894B	$7.689B	$7.689B
YoY Change
Total Liabilities & Shareholders Equity	$15.12B	$15.06B	$15.06B
YoY Change	1.5%	7.12%	7.12%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	$487.0M	$1.335B	$3.637B
YoY Change	-302.07%	-3.54%	156.85%
Depreciation, Depletion And Amortization	$364.0M	$280.0M	$1.113B
YoY Change	37.88%	2.19%	-6.47%
Cash From Operating Activities	$1.068B	$875.0M	$3.866B
YoY Change	55.91%	18.24%	23.55%
INVESTING ACTIVITIES
Capital Expenditures	$610.0M	$358.0M	$1.831B
YoY Change	35.25%	-185.04%	20.54%
Acquisitions	$0.00		$0.00
YoY Change
Other Investing Activities	$66.00M	-$233.0M	-$103.0M
YoY Change	94.12%	-1556.25%	-615.0%
Cash From Investing Activities	-$863.0M	-$591.0M	-$1.786B
YoY Change	106.95%	45.93%	240.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$719.0M
YoY Change			547.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-184.0M	-297.0M	-2.268B
YoY Change	-4.66%	100.68%	-6.24%
NET CHANGE
Cash From Operating Activities	1.068B	875.0M	3.866B
Cash From Investing Activities	-863.0M	-591.0M	-1.786B
Cash From Financing Activities	-184.0M	-297.0M	-2.268B
Net Change In Cash	21.00M	-13.00M	-190.0M
YoY Change	-72.37%	-106.95%	-202.7%
FREE CASH FLOW
Cash From Operating Activities	$1.068B	$875.0M	$3.866B
Capital Expenditures	$610.0M	$358.0M	$1.831B
Free Cash Flow	$458.0M	$517.0M	$2.035B
YoY Change	95.73%	-55.47%	26.4%

Facts In Submission

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CY2021	us-gaap	Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount	0
CY2022Q4	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	0
CY2021Q4	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	36000000
CY2022Q4	us-gaap	Deferred Tax Assets Derivative Instruments DeferredTaxAssetsDerivativeInstruments	0
CY2021Q4	us-gaap	Deferred Tax Assets Derivative Instruments DeferredTaxAssetsDerivativeInstruments	171000000
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits	72000000
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits	67000000
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	0
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	19000000
CY2022Q4	ovv	Deferred Tax Assets Capital Loss And Non Capital Carryforwards DeferredTaxAssetsCapitalLossAndNonCapitalCarryforwards	2290000000
CY2021Q4	ovv	Deferred Tax Assets Capital Loss And Non Capital Carryforwards DeferredTaxAssetsCapitalLossAndNonCapitalCarryforwards	2727000000
CY2022Q4	ovv	Deferred Income Tax Assets Alternative Minimum Tax And Foreign Tax Credits DeferredIncomeTaxAssetsAlternativeMinimumTaxAndForeignTaxCredits	0
CY2021Q4	ovv	Deferred Income Tax Assets Alternative Minimum Tax And Foreign Tax Credits DeferredIncomeTaxAssetsAlternativeMinimumTaxAndForeignTaxCredits	119000000
CY2022Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	18000000
CY2021Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	7000000
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1326000000
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2733000000
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	676000000
CY2021Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	381000000
CY2022Q4	us-gaap	Deferred Tax Liabilities Derivatives DeferredTaxLiabilitiesDerivatives	10000000
CY2021Q4	us-gaap	Deferred Tax Liabilities Derivatives DeferredTaxLiabilitiesDerivatives	0
CY2022Q4	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	248000000
CY2021Q4	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	0
CY2022Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	33000000
CY2021Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	36000000
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	87000000
CY2021Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	4000000
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	271000000
CY2021Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	184000000
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	4000000
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	87000000
CY2021Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	4000000
CY2022Q4	us-gaap	Undistributed Earnings Of Foreign Subsidiaries UndistributedEarningsOfForeignSubsidiaries	0
CY2022Q4	ovv	Deferred Income Tax Taxable Temporary Difference In Respect Of Unremitted Earnings DeferredIncomeTaxTaxableTemporaryDifferenceInRespectOfUnremittedEarnings	339000000
CY2022	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	58000000
CY2021	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	-1014000000
CY2020	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	-70000000
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	59108000000
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	49640000000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9468000000
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	58322000000
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	49561000000
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8761000000
CY2022	ovv	Internal Costs Capitalized InternalCostsCapitalized	178000000
CY2021	ovv	Internal Costs Capitalized InternalCostsCapitalized	172000000
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2221000000
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1979000000
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	870000000
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	929000000
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	22000000
CY2021Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	27000000
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	76000000
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	62000000
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	814000000
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	889000000
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	6000000
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	6000000
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	27000000
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	33000000
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0539
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0544
CY2022Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0611
CY2021Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0611
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P14Y
CY2021Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P15Y3M18D
CY2022Q4	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P4Y6M
CY2021Q4	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P5Y6M
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	140000000
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	145000000
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	5000000
CY2021	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	5000000
CY2022	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	2000000
CY2021	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3000000
CY2022	ovv	Finance Lease Cost Total FinanceLeaseCostTotal	7000000
CY2021	ovv	Finance Lease Cost Total FinanceLeaseCostTotal	8000000
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	189000000
CY2021	us-gaap	Short Term Lease Cost ShortTermLeaseCost	206000000
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	14000000
CY2021	us-gaap	Variable Lease Cost VariableLeaseCost	12000000
CY2022	ovv	Lessee Operating Sublease Income LesseeOperatingSubleaseIncome	48000000
CY2021	ovv	Lessee Operating Sublease Income LesseeOperatingSubleaseIncome	55000000
CY2022	us-gaap	Variable Lease Income VariableLeaseIncome	20000000
CY2021	us-gaap	Variable Lease Income VariableLeaseIncome	18000000
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	176000000
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	197000000
CY2022	us-gaap	Operating Lease Payments Use OperatingLeasePaymentsUse	151000000
CY2021	us-gaap	Operating Lease Payments Use OperatingLeasePaymentsUse	147000000
CY2022	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	2000000
CY2021	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	3000000
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	6000000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	82000000
CY2022	ovv	New Rou Operating Lease Assets And Liabilities NewROUOperatingLeaseAssetsAndLiabilities	75000000
CY2021	ovv	New Rou Operating Lease Assets And Liabilities NewROUOperatingLeaseAssetsAndLiabilities	23000000
CY2021	ovv	Debt Instrument Discount Premium Capitalized DebtInstrumentDiscountPremiumCapitalized	0
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	393000000
CY2022Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2022Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2022Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2021Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09375
CY2021Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09375
CY2021Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.14
CY2021Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.14
CY2020Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09375
CY2020Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09375
CY2020Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09375
CY2020Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09375
CY2022	us-gaap	Net Income Loss NetIncomeLoss	3637000000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	1416000000
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-6097000000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	253600000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	260400000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	259800000
CY2022	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	4800000
CY2021	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	6000000.0
CY2020	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	258400000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	266400000
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	259800000
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	14.34
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.44
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-23.47
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	14.08
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.32
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-23.47
CY2022Q1	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	6000000.0
CY2022Q4	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	13400000
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	8500000
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	1044000000
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	1042000000
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	1004000000
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-107000000
CY2021	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	2000000
CY2020	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	38000000
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	937000000
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	1044000000
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	1042000000
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-48000000
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-34000000
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-42000000
CY2022	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	13000000
CY2021	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	14000000
CY2020	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	-10000000
CY2022	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax	3000000
CY2021	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax	4000000
CY2020	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax	-2000000
CY2022	us-gaap	Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax	0
CY2021	us-gaap	Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax	-11000000
CY2020	us-gaap	Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax	0
CY2022	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect	0
CY2021	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect	-2000000
CY2020	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect	0
CY2022	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	6000000
CY2021	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	8000000
CY2020	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	9000000
CY2022	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	2000000
CY2021	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	2000000
CY2020	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	2000000
CY2022	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	0
CY2021	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	1000000
CY2020	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	2000000
CY2022	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax	0
CY2021	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax	0
CY2020	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax	0
CY2022	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAociPensionAndOtherPostretirementBenefitPlansDueToCurtailmentBeforeTax	0
CY2021	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAociPensionAndOtherPostretirementBenefitPlansDueToCurtailmentBeforeTax	0
CY2020	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAociPensionAndOtherPostretirementBenefitPlansDueToCurtailmentBeforeTax	-5000000
CY2022	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToCurtailmentTax	0
CY2021	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToCurtailmentTax	0
CY2020	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Curtailment Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToCurtailmentTax	-1000000
CY2022	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToSettlementBeforeTax	0
CY2021	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToSettlementBeforeTax	0
CY2020	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToSettlementBeforeTax	-2000000
CY2022	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToSettlementTax	0
CY2021	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToSettlementTax	0
CY2020	ovv	Other Comprehensive Income Loss Defined Benefit Plan Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Due To Settlement Tax OtherComprehensiveIncomeLossDefinedBenefitPlanReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansDueToSettlementTax	-1000000
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-54000000
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-48000000
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-34000000
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	991000000
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1092000000
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1076000000
CY2020Q2	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated Period Percent RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent	0.25
CY2021	us-gaap	Restructuring Charges RestructuringCharges	14000000
CY2020	us-gaap	Restructuring Charges RestructuringCharges	90000000
CY2022	ovv	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount	4000000
CY2021	ovv	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount	8000000
CY2020	ovv	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Non Cash Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedNonCashAmount	-16000000
CY2022	us-gaap	Contribution Of Property ContributionOfProperty	126000000
CY2021	us-gaap	Contribution Of Property ContributionOfProperty	34000000
CY2020	us-gaap	Contribution Of Property ContributionOfProperty	229000000
CY2022	ovv	Contingent Consideration Related To Asset Divestiture ContingentConsiderationRelatedToAssetDivestiture	0
CY2021	ovv	Contingent Consideration Related To Asset Divestiture ContingentConsiderationRelatedToAssetDivestiture	6000000
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CY2022Q4	srt	Proved Undeveloped Reserve Volume ProvedUndevelopedReserveVolume	984.9
CY2022Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	2273.6
CY2022	srt	Proved Developed And Undeveloped Reserves Net Period Increase Decrease ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease	15.4
CY2022	srt	Proved Developed And Undeveloped Reserves Production ProvedDevelopedAndUndevelopedReservesProduction	186.2
CY2022	srt	Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions	370.6
CY2022	srt	Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace	45.9
CY2021	srt	Proved Developed And Undeveloped Reserves Net Period Increase Decrease ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease	265.7
CY2021	srt	Proved Developed And Undeveloped Reserves Production ProvedDevelopedAndUndevelopedReservesProduction	194.9
CY2021	srt	Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions	591.2
CY2021	srt	Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace	7.3
CY2020	srt	Proved Developed And Undeveloped Reserves Net Period Increase Decrease ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease	-196.3
CY2020	srt	Proved Developed And Undeveloped Reserves Production ProvedDevelopedAndUndevelopedReservesProduction	199.0
CY2020	srt	Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions	377.5
CY2020	srt	Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace	54.3
CY2022Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	103716000000
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	69785000000
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	33249000000
CY2022Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	25216000000
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	19951000000
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	13066000000
CY2022Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	11093000000
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	7828000000
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	8046000000
CY2022Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	13515000000
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	7175000000
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	74000000
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CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	34831000000
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	12063000000
CY2022Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	26393000000
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	16056000000
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	6141000000
CY2022Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	27499000000
CY2021Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	18775000000
CY2020Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	5922000000
CY2021Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	18775000000
CY2020Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	5922000000
CY2019Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	11616000000
CY2022	srt	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	7340000000
CY2021	srt	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	5087000000
CY2020	srt	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	2010000000
CY2022	srt	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	5370000000
CY2021	srt	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	5221000000
CY2020	srt	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	1220000000
CY2022	srt	Increase Due To Purchases Of Minerals In Place IncreaseDueToPurchasesOfMineralsInPlace	719000000
CY2021	srt	Increase Due To Purchases Of Minerals In Place IncreaseDueToPurchasesOfMineralsInPlace	76000000
CY2020	srt	Increase Due To Purchases Of Minerals In Place IncreaseDueToPurchasesOfMineralsInPlace	142000000
CY2022	srt	Decrease Due To Sales Of Minerals In Place DecreaseDueToSalesOfMineralsInPlace	306000000
CY2021	srt	Decrease Due To Sales Of Minerals In Place DecreaseDueToSalesOfMineralsInPlace	237000000
CY2020	srt	Decrease Due To Sales Of Minerals In Place DecreaseDueToSalesOfMineralsInPlace	352000000
CY2022	srt	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	14591000000
CY2021	srt	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	13968000000
CY2020	srt	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	-8682000000
CY2022	srt	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	-1673000000
CY2021	srt	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	-206000000
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CY2022	srt	Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount	2175000000
CY2021	srt	Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount	593000000
CY2020	srt	Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount	1222000000
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CY2021	srt	Previously Estimated Development Costs Incurred PreviouslyEstimatedDevelopmentCostsIncurred	1536000000
CY2020	srt	Previously Estimated Development Costs Incurred PreviouslyEstimatedDevelopmentCostsIncurred	1876000000
CY2022	srt	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	-3268000000
CY2021	srt	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	-42000000
CY2020	srt	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	2835000000
CY2022	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	-2000000
CY2021	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	1000000
CY2020	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	-2000000
CY2022	srt	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	-3356000000
CY2021	srt	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	-2970000000
CY2020	srt	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	591000000
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CY2022	us-gaap	Results Of Operations Impairment Of Oil And Gas Properties ResultsOfOperationsImpairmentOfOilAndGasProperties	0
CY2021	us-gaap	Results Of Operations Impairment Of Oil And Gas Properties ResultsOfOperationsImpairmentOfOilAndGasProperties	0
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CY2022	us-gaap	Results Of Operations Accretion Of Asset Retirement Obligations ResultsOfOperationsAccretionOfAssetRetirementObligations	18000000
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CY2022Q4	us-gaap	Capitalized Costs Mineral Interests In Proved Properties CapitalizedCostsMineralInterestsInProvedProperties	57054000000
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CY2022	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	132000000
CY2021	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	9000000
CY2020	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	3000000
CY2022	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	286000000
CY2021	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	11000000
CY2020	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	19000000
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CY2022Q4	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	1200000000
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
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CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	84-4427672
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CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentGross
CY2021Q4	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentGross
CY2022Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#AccountsPayableAndAccruedLiabilitiesCurrent
CY2021Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#AccountsPayableAndAccruedLiabilitiesCurrent
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2022#OtherNonoperatingIncomeExpense
CY2022	dei	Entity File Number EntityFileNumber	001-39191
CY2021	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2022#OtherNonoperatingIncomeExpense
CY2022	us-gaap	Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2022#GainLossFromPriceRiskManagementActivity
CY2020	ovv	Contingent Consideration Related To Asset Divestiture ContingentConsiderationRelatedToAssetDivestiture	0
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2021	us-gaap	Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2022#GainLossFromPriceRiskManagementActivity
CY2020	us-gaap	Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2022#GainLossFromPriceRiskManagementActivity
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Entity Registrant Name EntityRegistrantName	Ovintiv Inc.
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	CO
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	370 17th Street
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	80202
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Denver
CY2022	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022	dei	Entity Address Country EntityAddressCountry	US
CY2022	dei	City Area Code CityAreaCode	303
CY2022	dei	Trading Symbol TradingSymbol	OVV
CY2022	dei	Entity Small Business EntitySmallBusiness	false
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Public Float EntityPublicFloat	11306868256
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	243643104
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	3536000000
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1432000000
CY2020	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-6067000000
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5000000
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	195000000
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	4000000
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	5000000
CY2022Q4	ovv	Accounts Receivable And Accrued Revenues AccountsReceivableAndAccruedRevenues	1594000000
CY2021Q4	ovv	Accounts Receivable And Accrued Revenues AccountsReceivableAndAccruedRevenues	1294000000
CY2022Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	53000000
CY2021Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	1000000
CY2021Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	97000000
CY2022Q4	us-gaap	Assets Current AssetsCurrent	1695000000
CY2021Q4	us-gaap	Assets Current AssetsCurrent	1587000000
CY2022Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	57054000000
CY2021Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	55475000000
CY2022Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	1172000000
CY2021Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	1944000000
CY2022Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	882000000
CY2021Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	903000000
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	59108000000
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	58322000000
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	49640000000
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	49561000000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9468000000
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8761000000
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1004000000
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1079000000
CY2021Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	0
CY2022Q4	us-gaap	Goodwill Goodwill	2584000000
CY2021Q4	us-gaap	Goodwill Goodwill	2628000000
CY2022Q4	us-gaap	Assets Assets	15056000000
CY2021Q4	us-gaap	Assets Assets	14055000000
CY2021	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-14000000
CY2020	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	8000000
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-101000000
CY2021	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	16000000
CY2020	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	30000000
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2221000000
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1979000000
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	76000000
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	62000000
CY2022Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	4000000
CY2021Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	4000000
CY2022Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	86000000
CY2021Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	703000000
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	393000000
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	0
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2780000000
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2748000000
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3177000000
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4786000000
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	814000000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	1416000000
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	131000000
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	190000000
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-6097000000
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	14.34
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.44
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-23.47
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	14.08
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.32
CY2022Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-23.47
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	253600000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	260400000
CY2021Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	25000000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	259800000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	258400000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	266400000
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	259800000
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-6097000000
CY2022Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	281000000
CY2021Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	339000000
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-107000000
CY2021	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	2000000
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	184000000
CY2021Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	4000000
CY2020	ovv	Sublease Rental Revenues SubleaseRentalRevenues	71000000
CY2022	us-gaap	Revenues Revenues	12464000000
CY2021	us-gaap	Revenues Revenues	8658000000
CY2020	us-gaap	Revenues Revenues	6087000000
CY2022	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	415000000
CY2020	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	173000000
CY2022	ovv	Transportation And Processing Costs TransportationAndProcessingCosts	1786000000
CY2021	ovv	Transportation And Processing Costs TransportationAndProcessingCosts	1616000000
CY2020	ovv	Transportation And Processing Costs TransportationAndProcessingCosts	1502000000
CY2022	us-gaap	Direct Operating Costs DirectOperatingCosts	802000000
CY2021	us-gaap	Direct Operating Costs DirectOperatingCosts	625000000
CY2020	us-gaap	Direct Operating Costs DirectOperatingCosts	605000000
CY2021	ovv	Purchased Product Costs PurchasedProductCosts	2951000000
CY2020	ovv	Purchased Product Costs PurchasedProductCosts	1366000000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1113000000
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1190000000
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1834000000
CY2022	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0
CY2021	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0
CY2020	us-gaap	Asset Impairment Charges AssetImpairmentCharges	5580000000
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	18000000
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	22000000
CY2020	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	29000000
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	422000000
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	442000000
CY2020	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	395000000
CY2022	us-gaap	Costs And Expenses CostsAndExpenses	8611000000
CY2021	us-gaap	Costs And Expenses CostsAndExpenses	7139000000
CY2020	us-gaap	Costs And Expenses CostsAndExpenses	11484000000
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	3853000000
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	1519000000
CY2020	us-gaap	Operating Income Loss OperatingIncomeLoss	-5397000000
CY2022	us-gaap	Interest Expense InterestExpense	311000000
CY2021	us-gaap	Interest Expense InterestExpense	340000000
CY2020	us-gaap	Interest Expense InterestExpense	371000000
CY2022	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-15000000
CY2021	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	23000000
CY2020	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-17000000
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	33000000
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	37000000
CY2020	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	55000000
CY2022	ovv	Non Operating Income Expenses NonOperatingIncomeExpenses	293000000
CY2021	ovv	Non Operating Income Expenses NonOperatingIncomeExpenses	280000000
CY2020	ovv	Non Operating Income Expenses NonOperatingIncomeExpenses	333000000
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3560000000
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1239000000
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5730000000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-77000000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-177000000
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	367000000
CY2022	us-gaap	Net Income Loss NetIncomeLoss	3637000000
CY2022Q4	us-gaap	Liabilities Liabilities	7367000000
CY2020	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	38000000
CY2022	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-6000000
CY2022Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	43000000
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	889000000
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	245700000
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	245700000
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	3000000
CY2020	us-gaap	Gain Loss From Price Risk Management Activity GainLossFromPriceRiskManagementActivity	507000000
CY2022	ovv	Sublease Rental Revenues SubleaseRentalRevenues	68000000
CY2021	ovv	Sublease Rental Revenues SubleaseRentalRevenues	73000000
CY2020	ovv	Sublease Rental Revenues SubleaseRentalRevenues	71000000
CY2022	us-gaap	Revenues Revenues	12464000000
CY2021	us-gaap	Revenues Revenues	8658000000
CY2021	us-gaap	Direct Operating Costs DirectOperatingCosts	625000000
CY2020	us-gaap	Direct Operating Costs DirectOperatingCosts	605000000
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:5.77%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">E)</span></p></td> <td valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:11pt;">USE OF ESTIMATES</p></td></tr></table></div> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Preparation of the Consolidated Financial Statements in conformity with U.S. GAAP requires Management to make informed estimates and assumptions and use judgments that affect reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the period. Such estimates primarily relate to unsettled transactions and events as of the date of the Consolidated Financial Statements. Accordingly, actual results may differ from estimated amounts as future events occur.</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Significant items subject to estimates and assumptions are:</span></p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Estimates of proved reserves used for depletion and ceiling test impairment calculations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Estimated fair value of long-term assets used for impairment calculations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Fair value of reporting units used for the assessment of goodwill</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Estimates of future taxable earnings used to assess the realizable value of deferred tax assets</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Estimates of incremental borrowing rates and lease terms used in the measurement of right-of-use (“ROU”) assets and lease liabilities</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Fair value of asset retirement costs and related obligations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Fair value of derivative instruments</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Fair value attributed to assets acquired and liabilities assumed in business combinations</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Tax interpretations, regulations and legislation in the various jurisdictions in which the Company and its subsidiaries operate</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Accruals for long-term performance-based compensation arrangements, including whether or not the performance criteria will be met and measurement of the ultimate payout amount</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Recognized values of pension assets and obligations, as well as the pension costs charged to net earnings, depend on certain actuarial and economic assumptions</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"> </p></td> <td style="width:3.85%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><span style="font-family:Times New Roman;">Accruals for legal claims, environmental risks and exposures</span></p></td></tr></table></div>
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-6097000000
CY2020	us-gaap	Revenues Revenues	6087000000
CY2022	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	415000000
CY2021	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	293000000
CY2020	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	173000000
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	14263000000
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10468000000
CY2020	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	5509000000
CY2022	us-gaap	Gain Loss From Price Risk Management Activity GainLossFromPriceRiskManagementActivity	-1867000000
CY2021	us-gaap	Gain Loss From Price Risk Management Activity GainLossFromPriceRiskManagementActivity	-1883000000
CY2022	ovv	Transportation And Processing Costs TransportationAndProcessingCosts	1786000000
CY2021	ovv	Transportation And Processing Costs TransportationAndProcessingCosts	1616000000
CY2020	ovv	Transportation And Processing Costs TransportationAndProcessingCosts	1502000000
CY2022	us-gaap	Direct Operating Costs DirectOperatingCosts	802000000
CY2022	ovv	Purchased Product Costs PurchasedProductCosts	4055000000
CY2021	ovv	Purchased Product Costs PurchasedProductCosts	2951000000
CY2020	ovv	Purchased Product Costs PurchasedProductCosts	1366000000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1113000000
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1190000000
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1834000000
CY2022	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0
CY2021	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0
CY2020	us-gaap	Asset Impairment Charges AssetImpairmentCharges	5580000000
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	18000000
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	22000000
CY2020	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	29000000
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	422000000
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	442000000
CY2020	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	395000000
CY2022	us-gaap	Operating Expenses OperatingExpenses	8611000000
CY2021	us-gaap	Operating Expenses OperatingExpenses	7139000000
CY2020	us-gaap	Operating Expenses OperatingExpenses	11484000000
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	3853000000
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	1519000000
CY2020	us-gaap	Operating Income Loss OperatingIncomeLoss	-5397000000
CY2022	us-gaap	Interest Expense InterestExpense	311000000
CY2021	us-gaap	Interest Expense InterestExpense	340000000
CY2020	us-gaap	Interest Expense InterestExpense	371000000
CY2022	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-15000000
CY2021	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	23000000
CY2020	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-17000000
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	33000000
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	37000000
CY2020	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	55000000
CY2022	ovv	Non Operating Income Expenses NonOperatingIncomeExpenses	293000000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	1416000000
CY2021	ovv	Non Operating Income Expenses NonOperatingIncomeExpenses	280000000
CY2020	ovv	Non Operating Income Expenses NonOperatingIncomeExpenses	333000000
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3560000000
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1239000000
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5730000000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-77000000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-177000000
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	367000000
CY2022	us-gaap	Net Income Loss NetIncomeLoss	3637000000
CY2022	ovv	Market Optimization And Other Revenue Including Excluding Gains And Losses Included In Other Income And Expenses MarketOptimizationAndOtherRevenueIncludingExcludingGainsAndLossesIncludedInOtherIncomeAndExpenses	4189000000
CY2022	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	60000000
CY2021	ovv	Market Optimization And Other Revenue Including Excluding Gains And Losses Included In Other Income And Expenses MarketOptimizationAndOtherRevenueIncludingExcludingGainsAndLossesIncludedInOtherIncomeAndExpenses	3125000000
CY2021	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	9000000
CY2020	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	-2000000
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1831000000
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1519000000
CY2020	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1736000000
CY2022Q4	us-gaap	Goodwill Goodwill	2584000000
CY2021Q4	us-gaap	Goodwill Goodwill	2628000000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9468000000
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8761000000
CY2022Q4	us-gaap	Assets Assets	15056000000
CY2021Q4	us-gaap	Assets Assets	14055000000
CY2022Q4	us-gaap	Goodwill Goodwill	2584000000
CY2021Q4	us-gaap	Goodwill Goodwill	2628000000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9468000000
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8761000000
CY2022Q4	us-gaap	Assets Assets	15056000000
CY2021Q4	us-gaap	Assets Assets	14055000000
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	14263000000
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10468000000
CY2020	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	5509000000
CY2022Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0
CY2021Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	0
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	0
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	0
CY2020Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0
CY2022Q4	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	1257000000
CY2021Q4	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	1070000000
CY2022Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	0
CY2022	us-gaap	Revenue Performance Obligation Description Of Payment Terms RevenuePerformanceObligationDescriptionOfPaymentTerms	As the period between when the product sales are transferred and Ovintiv receives payments is generally 30 to 60 days, there is no financing element associated with customer contracts.
CY2022	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	0
CY2021	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	0
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	297000000
CY2021	us-gaap	Interest Expense Debt InterestExpenseDebt	323000000
CY2020	us-gaap	Interest Expense Debt InterestExpenseDebt	350000000
CY2022	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	2000000
CY2021	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3000000
CY2020	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	9000000
CY2022	ovv	Interest Expense Recovery Other InterestExpenseRecoveryOther	12000000
CY2021	ovv	Interest Expense Recovery Other InterestExpenseRecoveryOther	14000000
CY2020	ovv	Interest Expense Recovery Other InterestExpenseRecoveryOther	12000000
CY2022	us-gaap	Interest Expense InterestExpense	311000000
CY2021	us-gaap	Interest Expense InterestExpense	340000000
CY2020	us-gaap	Interest Expense InterestExpense	371000000
CY2022	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-14000000
CY2021	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-21000000
CY2020	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-11000000
CY2022	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-15000000
CY2021	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	23000000
CY2020	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-17000000
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	10000000
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-156000000
CY2020	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-14000000
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-87000000
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-21000000
CY2020	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	381000000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-77000000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-177000000
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	367000000
CY2022	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	-222000000
CY2022	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-66000000
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3560000000
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1239000000
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5730000000
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2021	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2020	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2022	ovv	Expected Income Tax Expense Recovery ExpectedIncomeTaxExpenseRecovery	748000000
CY2021	ovv	Expected Income Tax Expense Recovery ExpectedIncomeTaxExpenseRecovery	260000000
CY2020	ovv	Expected Income Tax Expense Recovery ExpectedIncomeTaxExpenseRecovery	-1203000000
CY2022	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	26000000
CY2021	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	43000000
CY2020	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-147000000
CY2020	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	2000000
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	67000000
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CY2022	ovv	Percent Of Accounts Receivable And Financial Derivative Credit Exposures With Investment Grade Counterparties PercentOfAccountsReceivableAndFinancialDerivativeCreditExposuresWithInvestmentGradeCounterparties	0.88
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CY2022	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	304000000
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CY2022	us-gaap	Severance Costs1 SeveranceCosts1	0
CY2021	us-gaap	Severance Costs1 SeveranceCosts1	14000000
CY2020	us-gaap	Severance Costs1 SeveranceCosts1	88000000
CY2022	ovv	Outplacement Moving And Other Expenses OutplacementMovingAndOtherExpenses	0
CY2021	ovv	Outplacement Moving And Other Expenses OutplacementMovingAndOtherExpenses	0
CY2020	ovv	Outplacement Moving And Other Expenses OutplacementMovingAndOtherExpenses	2000000
CY2022	us-gaap	Restructuring Charges RestructuringCharges	0
CY2021	us-gaap	Restructuring Charges RestructuringCharges	14000000
CY2020	us-gaap	Restructuring Charges RestructuringCharges	90000000
CY2021Q4	us-gaap	Restructuring Reserve RestructuringReserve	3000000
CY2020Q4	us-gaap	Restructuring Reserve RestructuringReserve	14000000
CY2019Q4	us-gaap	Restructuring Reserve RestructuringReserve	8000000
CY2022	us-gaap	Restructuring Charges RestructuringCharges	0
CY2021	us-gaap	Restructuring Charges RestructuringCharges	14000000
CY2020	us-gaap	Restructuring Charges RestructuringCharges	90000000
CY2022	us-gaap	Payments For Restructuring PaymentsForRestructuring	3000000
CY2021	us-gaap	Payments For Restructuring PaymentsForRestructuring	25000000
CY2020	us-gaap	Payments For Restructuring PaymentsForRestructuring	84000000
CY2022Q4	us-gaap	Restructuring Reserve RestructuringReserve	0
CY2021Q4	us-gaap	Restructuring Reserve RestructuringReserve	3000000
CY2020Q4	us-gaap	Restructuring Reserve RestructuringReserve	14000000
CY2022	ovv	Compensation Costs Recorded For Cash Settled Transactions CompensationCostsRecordedForCashSettledTransactions	152000000
CY2021	ovv	Compensation Costs Recorded For Cash Settled Transactions CompensationCostsRecordedForCashSettledTransactions	118000000
CY2020	ovv	Compensation Costs Recorded For Cash Settled Transactions CompensationCostsRecordedForCashSettledTransactions	42000000
CY2022	ovv	Compensation Costs Recorded For Equity Settled Transactions CompensationCostsRecordedForEquitySettledTransactions	82000000
CY2021	ovv	Compensation Costs Recorded For Equity Settled Transactions CompensationCostsRecordedForEquitySettledTransactions	47000000
CY2020	ovv	Compensation Costs Recorded For Equity Settled Transactions CompensationCostsRecordedForEquitySettledTransactions	3000000
CY2022	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	-32000000
CY2021	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	-27000000
CY2020	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	-12000000
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	202000000
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	138000000
CY2020	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	33000000
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	202000000
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	138000000
CY2020	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	33000000
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	275000000
CY2020	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-26000000
CY2022	ovv	Increase Decrease In Current Portion Of Operating Lease Liabilities IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities	14000000
CY2021	ovv	Increase Decrease In Current Portion Of Operating Lease Liabilities IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities	-7000000
CY2020	ovv	Increase Decrease In Current Portion Of Operating Lease Liabilities IncreaseDecreaseInCurrentPortionOfOperatingLeaseLiabilities	-11000000
CY2022	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	53000000
CY2021	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	24000000
CY2020	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	30000000
CY2022	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	187000000
CY2021	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	41000000
CY2020	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	-139000000
CY2022Q4	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear	0.0616
CY2021Q4	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear	0.0615
CY2020Q4	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear	0.0642
CY2022Q4	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate1 DefinedBenefitPlanUltimateHealthCareCostTrendRate1	0.0500
CY2021Q4	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate1 DefinedBenefitPlanUltimateHealthCareCostTrendRate1	0.0500
CY2020Q4	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate1 DefinedBenefitPlanUltimateHealthCareCostTrendRate1	0.0500
CY2022	us-gaap	Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate	2027
CY2021	us-gaap	Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate	2026
CY2020	us-gaap	Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate	2026
CY2022Q4	us-gaap	Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear	0
CY2022Q4	us-gaap	Defined Benefit Plan Fair Value Of Plan Assets DefinedBenefitPlanFairValueOfPlanAssets	124000000
CY2021Q4	us-gaap	Defined Benefit Plan Fair Value Of Plan Assets DefinedBenefitPlanFairValueOfPlanAssets	176000000
CY2022	us-gaap	Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	0.0470
CY2021Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	-172000000
CY2020Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	-74000000
CY2022	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings	-449000000
CY2021	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings	-708000000
CY2022	ovv	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesAndIssuances	0
CY2021	ovv	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales And Issuances FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesAndIssuances	6000000
CY2022	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	-633000000
CY2021	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	-604000000
CY2022	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3 FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3	0
CY2021	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3 FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3	0
CY2022Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	12000000
CY2022	ovv	Rou Operating Lease Assets And Liabilities ROUOperatingLeaseAssetsAndLiabilities	75000000
CY2021	ovv	Rou Operating Lease Assets And Liabilities ROUOperatingLeaseAssetsAndLiabilities	23000000
CY2020	ovv	Rou Operating Lease Assets And Liabilities ROUOperatingLeaseAssetsAndLiabilities	10000000
CY2022	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	4000000
CY2021	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	8000000
CY2020	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	7000000
CY2022	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	58000000
CY2021	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	5000000
CY2022Q4	ovv	Guarantee Benefits And Obligations Current Carrying Value GuaranteeBenefitsAndObligationsCurrentCarryingValue	-5000000
CY2022Q4	us-gaap	Foreign Currency Cash Flow Hedge Derivative At Fair Value Net ForeignCurrencyCashFlowHedgeDerivativeAtFairValueNet	-10000000
CY2022Q4	ovv	Risk Management And Other Derivative Guarantee At Fair Value RiskManagementAndOtherDerivativeGuaranteeAtFairValue	-4000000
CY2022	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-2613000000
CY2021	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-1362000000
CY2020	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	710000000
CY2022	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	726000000
CY2021	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-509000000
CY2020	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-191000000
CY2022	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-1887000000
CY2021	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-1871000000
CY2020	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	519000000
CY2021Q4	ovv	Risk Management And Other Derivative Guarantee At Fair Value Net RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet	-724000000
CY2022	ovv	Settlement Of Other Derivative Contracts SettlementOfOtherDerivativeContracts	-6000000
CY2022	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-2613000000
CY2022	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-2613000000
CY2021	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-1362000000
CY2020	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	710000000
CY2022Q4	ovv	Risk Management And Other Derivative Guarantee At Fair Value Net RiskManagementAndOtherDerivativeGuaranteeAtFairValueNet	-4000000
CY2022	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	726000000
CY2021	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-509000000
CY2020	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-191000000
CY2022Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	53000000
CY2021Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	1000000
CY2022Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	34000000
CY2021Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	0
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	87000000
CY2021Q4	us-gaap	Derivative Assets DerivativeAssets	1000000
CY2022Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	86000000
CY2021Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	703000000
CY2022Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0
CY2021Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	25000000
CY2022Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	86000000
CY2021Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	728000000
CY2022Q4	ovv	Other Derivative Contract Assets OtherDerivativeContractAssets	0
CY2021Q4	ovv	Other Derivative Contract Assets OtherDerivativeContractAssets	9000000
CY2022Q4	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	5000000
CY2021Q4	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	6000000
CY2020	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-49000000
CY2022	ovv	Increase Decrease In Property Plant And Equipment Accruals IncreaseDecreaseInPropertyPlantAndEquipmentAccruals	35000000
CY2022	us-gaap	Interest Paid Net InterestPaidNet	376000000
CY2021	us-gaap	Interest Paid Net InterestPaidNet	370000000
CY2020	us-gaap	Interest Paid Net InterestPaidNet	385000000
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-38000000
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-176000000
CY2020	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-52000000
CY2022Q4	us-gaap	Contractual Obligation Due In Next Twelve Months ContractualObligationDueInNextTwelveMonths	1098000000
CY2022Q4	us-gaap	Contractual Obligation Due In Second Year ContractualObligationDueInSecondYear	717000000
CY2022Q4	us-gaap	Contractual Obligation Due In Third Year ContractualObligationDueInThirdYear	578000000
CY2022Q4	us-gaap	Contractual Obligation Due In Fourth Year ContractualObligationDueInFourthYear	492000000
CY2022Q4	us-gaap	Contractual Obligation Due In Fifth Year ContractualObligationDueInFifthYear	463000000
CY2022Q4	us-gaap	Contractual Obligation Due After Fifth Year ContractualObligationDueAfterFifthYear	2156000000
CY2022Q4	us-gaap	Contractual Obligation ContractualObligation	5504000000
CY2019Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	2188.8
CY2020	srt	Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease	-364.9
CY2020	srt	Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions	377.5
CY2020	srt	Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace	54.3
CY2020	srt	Proved Developed And Undeveloped Reserves Sales Of Minerals In Place ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace	64.1
CY2020	srt	Proved Developed And Undeveloped Reserves Production ProvedDevelopedAndUndevelopedReservesProduction	199.0
CY2020Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	1992.5
CY2020Q4	srt	Proved Developed Reserves Volume ProvedDevelopedReservesVolume	1111.3
CY2020Q4	srt	Proved Undeveloped Reserve Volume ProvedUndevelopedReserveVolume	881.1
CY2020Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	1992.5
CY2020Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	1992.5
CY2021	srt	Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease	-67.8
CY2021	srt	Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions	591.2
CY2021	srt	Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace	7.3
CY2021	srt	Proved Developed And Undeveloped Reserves Sales Of Minerals In Place ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace	70.2
CY2021	srt	Proved Developed And Undeveloped Reserves Production ProvedDevelopedAndUndevelopedReservesProduction	194.9
CY2021Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	2258.2
CY2021Q4	srt	Proved Developed Reserves Volume ProvedDevelopedReservesVolume	1325.7
CY2021Q4	srt	Proved Undeveloped Reserve Volume ProvedUndevelopedReserveVolume	932.5
CY2021Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	2258.2
CY2021Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	2258.2
CY2022	srt	Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease	-189.2
CY2022	srt	Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions	370.6
CY2022	srt	Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace	45.9
CY2022	srt	Proved Developed And Undeveloped Reserves Sales Of Minerals In Place ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace	25.7
CY2022	srt	Proved Developed And Undeveloped Reserves Production ProvedDevelopedAndUndevelopedReservesProduction	186.2
CY2022Q4	srt	Proved Developed And Undeveloped Reserves Net ProvedDevelopedAndUndevelopedReservesNet	2273.6

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$OVV
Ovintiv Inc. Stock $ovv

2023 Q1 Form 10-K Financial Statement

#000156459023002595 Filed on February 27, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OVV Ovintiv Inc. Stock $ovv

2023 Q1 Form 10-K Financial Statement

#000156459023002595 Filed on February 27, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OVV
Ovintiv Inc. Stock $ovv